Pros and Cons of Living In Franklin, Louisiana. Is Franklin, LA a Nice Place To Live or Retire?

FIND OUT MORE DETAILS

Franklin, Louisiana

Moving to Franklin In Louisiana ? Is Franklin, LA a Nice Place To Live? Pros and Cons of Living in Franklin, Louisiana. Find out the best and worst about to live, raise a family or retire in Franklin.

Franklin is a small city in and the parish seat of St. Mary Parish, Louisiana, United States. The population was 7,660 at the 2010 census. The city is located on Bayou Teche, southeast of the cities of Lafayette, 47 miles (76 km) and New Iberia, 28 miles (45 km), and 22 miles (35 km) northwest of Morgan City. It is part of the Morgan City Micropolitan Statistical Area and the larger Lafayette-Acadiana combined statistical area.

DEMOGRAPHICS

Population
6844
Unemployment
8.5%
81% NAT AVG.
Poverty
20.9%
49% NAT AVG.
Cost Of Living
80
20% NAT AVG.

ECONOMICS

Median Home Cost
$80000
65% NAT AVG.
Median Income
$39194
42% NAT AVG.
Median Rent
$743
36% NAT AVG.
Overall Score
5

CRIME REPORT

Total Crime
325
102% NAT. AVG.
34% STATE AVG.
Violent Crime
52
95% NAT. AVG.
18% STATE AVG.
Property Crime
273
103% NAT. AVG.
38% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 5
Unemployed People
1 in 12
People Earning < $10,000
1 in 9
People Earning < $50,000
63.2%
People With Any Degree
1 in 6.3

ETHNICITY

Ethnicity Franklin USA
White 38.7% 60.1%
African American 57.3% 12.2%
American Indian 0.5% 0.6%
Asian 0% 5.6%
Hawaiian 0.1% 0.2%
Multiracial 2.3% 2.8%
Hispanic 1.1% 18.2%
Other 0.1% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Franklin USA
Less than $10,000 10.7% 5.8%
$10,000 to $14,999 7.9% 4.1%
$15,000 to $24,999 15.7% 8.5%
$25,000 to $34,999 11.6% 8.6%
$35,000 to $49,999 17.3% 12.0%
$50,000 to $74,999 23.2% 17.2%
$75,000 to $99,999 5% 12.8%
$100,000 to $149,999 7.1% 15.6%
$150,000 to $199,999 0.7% 7.1%

EDUCATION

Education Franklin USA
< 9th Grade 2% 5.0%
9-12th Grade 12% 7.0%
High School or GED 58% 27.0%
Other College 12% 20.0%
Associate's Degree 7% 9%
Bachelor's Degree 5% 20.0%
Master's Degree 4% 9.0%
Professional Degree 0% 2.0%
Doctorate Degree 0% 1.0%
Franklin is a city in Louisiana state in USA with a population of 6844 residents.. The poverty rate of Franklin is 20.9%, which is 49% higher than national average. The typical household in Franklin earns $39194 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 5 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 9 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 63.2% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Franklin remained 8.5%, which is 81% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census.

Cost of living in Franklin is 80, which is 20% lower than national average. In Franklin, only 9% of adults have a bachelor's degree and 19% have some college but no degree. Median home value in Franklin is $80000 , which is 65% lower than national average. While median income in Franklin remained $39194, which is 42% lower than national average.
Franklin Scorecard

Jobs40%

Housing50%

Affordability80%

Safety40%

Amenities70%

Diversity85%

Education40%

THANKS FOR READING

Read this story and other stories in details on our Website.
FIND OUT MORE DETAILS